Gold Analysis – 24.Jul.2025
Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we can see that yesterday the price was beautifully rejected from the $3422 area, hitting all three targets at $3415, $3404, and $3391, delivering over 300 pips in returns! But gold didn’t stop at $3391 — the decline continued, and it’s now trading around $3362. If gold closes below $3363, I expect further downside movement, even if a short corrective move upward happens first. For now, my short-term bias remains bearish. Key demand zones to watch are $3357–$3358.5, $3347, $3337, and $3315, while key supply zones are $3398, $3406, $3412, and $3418. Monitor price reactions closely at these levels!
(This Post on TradingView)
Author : Arman Shaban
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